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Home My WebLink About7.F.1. Extension of Real Estate Listing Contract for Former Fire Station �� General Business 7, F. 1. Sf 1:1KC)1'(=1: TO: Mayor and City Council Mark McNeill,City Administrator FROM: Kris Wilson, Assistant City Administrator DATE: 06/04/2013 SUBJECT: Extension of Real Estate Listing Contract for Former Fire Statioil(F) Action Sought The Council is asked to approve a six-month extension to the real estate listing contract with Kubes Realty,Inc. for the former Fire Station located at 334 2nd Ave. West. Background The City-owned property located at 334 2nd Ave. West has been listed for sale with Kubes Realty since December l, 2012. The initial six-month contract with Kubes Realty expired on May 31, 2013. Over the past six-months,Mr. Kubes has shown the building to numerous potential buyers and brought forward one offer for purchase. Unfortunately,the City and the potential buyer were unable to come to a final agreement and the property remains on the market. Recommendation Given the unique characteristics of the building and the overall commercial real estate market in the area, staff believes that Mr. Kubes is meeting expectations for listing the building and that a contract extension to December 31,2013 is warranted. The extended contract would be under the same terms and conditions as the original listing contract, notably a 5%commission. Relationship to Vision This is a housekeeping item(F). Requested Action If the Council concurs,it is asked to authorize the extension of the real estate listing contract for 334 2nd Ave. West with Kubes Realty,through December 31,2013. Attachments: �� NorthstarMl.S "'"'"'�;" //, For your Information.For your Success. NorthstarMLS Listing Change Form and Contract Amendment Who should input this change This form may function as an amendment to the Ifsting agreement between the parties. II1t0 NOC'thSt2fIVILS� (Asterlsk Denotes Required Fleld/f The SecUon Is Used) ❑ Listing Office (do not send *Listing Number�z�Zb� •Realtor Association this form to Association) 3�� / / ��VC��Q ❑Association (fax this form to *Address �N� the Association) *Listing Office ID *Listing Agent ID *Listing Agent Name ❑ Price Chanae ❑ Status Chanae ❑ Sold (May be enfered by listing firm) (Listing must be entered into Pending first) *New List Price ❑ *Active *Sale Price $ (from a Temp.lVof Avail.For Showing or * Pending stafus) Date Closed �Expiration Date Chanae *Loan Amount If /d Expiration Date is past,must fax contract extension and change form to ❑ "Pending *Seller Contribution Association within 3 days of that dafe. (includes a!I listings nof available for *Financing Terms�onoo5e o�iy�� Otherwise,must enfer new lisfing. showings IP an offer has been accepted) ❑FHA ❑Contract For Deed *Old Expiration Date * ❑FHA Rehab 203k o Speclal Funding Pending Date ❑DVA ❑casn ❑Conventfonal ❑ContracVDeed w/Assumptlon '`New Expiration Date ❑Rural Development i * ❑Assumable ❑Other f Projected Close Date ��/3 ❑AdJ.Rate/Gr,Payment ' C ❑ Status Chanqe *Selling Office ID ❑ Rented " (To be entered by your association) *Rented Monthly Rate I i ❑ *Temp. Not Avail, For Showing *Rented Date ❑ *Cancelled *Selling Agent ID (The Owner(s)and the Bro r must *Renting Office ID sign for a listing fo be Cancelled.) *Renting Agent ID *Off-Market Date *Selling Agent Name *Renting Agent Name OTHER: (Write the name of the field and the value it should contain, e.g. "Bedrooms =4") The Undersigned do hereby agree that the listing contract dated , (original contract date) befinreen the undersigned is changed as shown above. All other terms of such listing contract shall remain unchanged and in full force and effect, except as we may agree in writing to change it in the future. Owner acknowledges receipt of a copy of this transmittal form. Owner(Signature) bC Date �C Owner(Signature Date Agent �I Date �'�l-� Broker( eq ired for Canceflation) Date Copyright 2012,NorthstarMLS.All rights reserved, ,.�* ��+vrms"�` 1/4/2013 Property Full Report,Commercial/Mixed Use, MLS#:4326268 334 2nd Ave W, Shakopee, MN 55379 ; Status: Active j wvcntda Parrk, �v. �� List Price: $399,900 � �;` Purk� � �1t � 69 �a't'� t�,t' Original List Price:$399,900 i�N��+l,� `�. _ �`.� ��1 � l, � � � ` ,_ - _C� 4� s� Map Page: 146 Map Coord: 62 d1�,�ww � `�. � N Directions: HWY 169 TO MARSCHALL r•' 'N _�'�: , � RD,NORTH TO 1ST AVENUE,WEST � . ..�, _-�' - � TO SCOTT ST,SOUTH TO �m�yew , � i ` '. , }1� PROPERTY y �� ;mp13�NkrotahCorpornbn� . ... . r ��°I . ..� � 3'i .0N',1lNokii TAX INFORMA710N CMU Style: Business Opportunity,Office Property ID:270012670 Current Use: Commercial,Vacant Tax Year: 2012 Const Status: previously Owned Tax Amt: 0.00 Total Units: � Year Built: 1955 Assess Bal: 0.00 Foundation Size: 10,700 Acres: p,yg Tax wlassess: 0.00 Building Finished SqFt: 10,700 Lot Dimen: gOX142 Assess Pend: No List Date: 1/4113 Received By MLS:1/4l13 Days On Market: Homestead: No General Property Information Legal Description: CITY OF SHAKOPEE LOT 010 BLOCK 033 SUBDIVISIONCD 27001 &W1/2 OF LOT 9 County: SCOT-Scott School District: 720-Shakopee,952-496-5006 Complex/Dev/Sub: Lot Description: Zero Lot Line Road Frontage: City,Paved Streets Zoning: Business/Commercial Owner Occupied: Accessibility: No Stairs Remarks Agent Remarks: WONDERFUL MULTI PURPOSE BLDG IN DWNTWN SHAKOPEE.7'OVERHEAD GAR DRS,72 FLR DRAINS,3 PHASE POWER,3 BA,11'&14'CEILINGS,50X54&45X84 SHOPS,36X36 OPER RM, 12X20 LOUNGE,12X18 KIT,2 OFFICES,14X20 TACK RM,AIR COMPRESSOR,PLUMBED THRU-OUT,MUST SEEI Public Remarks: WONDERFUL MULTI PURPOSE BLDG IN DWNTWN SHAKOPEE.7'OVERHEAD GAR DRS,12 FLR DRAINS,3 PHASE POWER,3 BA,11'&14'CEILINGS,50X54&45X84 SHOPS,36X36 OPER RM, 12X20 LOUNGE,12X78 KIT,2 OFFICES,74X20 TACK RM,AIR COMPRESSOR,PLUMBED THRU-OUT,MUST SEE! Structure Information Heat: Forced Air Exterior: Brick/Stone Fuel: Natural Gas Fencing: Air Cnd: Roof: Flat Garage Stalls: 6.00 Water: City Water/Connected Other Parking: p Sewer: Cily Sewer/Connected Parking Char: Driveway-Concrete Utilities: Miscellaneous: Three Phase Sale Includes: Building,Land Appliances: None No.of Ranges: No.of Refrig: Basement: None Information Deemed Reliable But Noi Guaranieed.O 2013 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of 2 CITY OF SHAKOPEE Memorandum TO: Mayor and City Council Mark McNeill, City Administrator FROM: Kris Wilson, Assistant City Administrator SUBJECT: Selection of Listing Agent for Former Fire Station DATE: November 15, 2012 Action Sought The City Council is asked select a listing agent far the former fire station at 2"d and Scott Street and to authorize the appropriate officials to enter into a listing contract with the selected agent. Background At its September 18 meeting, the City Council directed staff to begin the process of selling the former fire station using a commercial real estate agent. A simple Request for Proposals (RFP) was issued and posted on the City's website. The RFP was also mailed directly to a list of commercial real estate agents with current listings in commercial areas of the city. Two responses were received by the deadline: Randy Kubes, Kubes Realty Mr. Kubes has been a real estate broker and Shakopee resident since 1986. He has proposed a 6-month listing(Dec 1, 2012—May 31, 2013) and 5% commission. Bill Wolfson, Coldwell Banker Burnet Mr. Wolfson is based out of Wayzata and has 18 years of commercial real estate experience. He seeks a one-year contract and 6% commission. Additional information regarding each responding agent is attached for the Council's information. Both have current commercial listing within the city and both would utilize the Multiple Listing Service (MLS) for the former fire station site. Relationship to Vision This is a l�ousekeeping item. (F) Requested Action The Council is asked to direct the appropriate City officials to enter into a listing contract with the desired agent in order to list for sale the City-owned property located at 334 Second Ave. West.